Comprehensive Study on Patient Safety and Risk Management Software Market Share 2026 | Top Companies like - Rldatix, Conduent Inc., Riskonnect Inc., Verge Health, LLC.
Global Patient Safety and Risk Management Software Market is valued approximately USD 1.17 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 11.12% over the forecast period 2019-2026. Patient Safety and Risk Management Software are being deployed in medical institutions in order to curb out the increase in number of medical errors occurred due to the human error, ignorance and poor management.
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The regional analysis of global Patient Safety and Risk Management Software Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early technical advancements and stringent government policies and regulation pertaining to health care. However, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing patient population in this region, rising government initiatives to improve the patient safety & patient outcomes in healthcare and rapid return on investment (ROI) would create lucrative growth opportunities for the Patient Safety and Risk Management Software market across the region.
Further, the market holds a bold future owing to opportunities such as increasing use of big data analytics for patient safety. However, lack of in-house IT expertise, data security concerns and the disinclination of healthcare providers to adopt new methods of patient safety and risk management are some of the factors that are expected to restrain the market over the forecast period.
Further, Patient Safety and Risk Management Software are also being deployed in the medical institutions, public places, hospitals, ambulatory care centers and pharmacies to monitor and control the spread of contagious infections.
For instance, according to a report published by National Institute for Transforming India in July 2018, operationalizing of 1.5 lac health and wellness centers that offer preventive and primary care across India is proposed by the Indian government under the Ayushman Bharat scheme.
Initiatives from government to improve the patient outcomes and safety is further expected to fuel the market growth. Many healthcare organizations are actively moving towards digitization to streamline their entire workflow and also to ensure patient care and safety resulting in increasing demand for patient for patient safety and risk management software.
Also, growing focus on improving patient outcomes and increasing need to curtail rising healthcare costs are expected to drive the growth Patient Safety and Risk Management Software Market. Implementation of patient safety and risk management software helps in the effective management of the patient safety events.
Major market player included in this report are:
o Verge Health, LLC
o Riskqual Technologies
o Quantros, Inc.
o Clarity Group Inc.
o Conduent Inc.
o Prista Corporation
o Riskonnect Inc. (A Part of Thoma Bravo, LLC)
o Smartgate Solutions Ltd.
o The Patient Safety Company
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
o Risk Management and Safety Solutions
o Claims Management Solutions
o Governance, Risk and Compliance Solutions
By Deployment Mode:
o Private Cloud
o Public Cloud
o Hybrid Cloud
By End User:
o Ambulatory Care Centers
o Long-Term Care Centers
o Other End Users
o North America
o Asia Pacific
o Latin America
o Rest of the World
Furthermore, years considered for the study are as follows:
o Historical year - 2016, 2017
o Base year - 2018
o Forecast period - 2019 to 2026
Target Audience of the Global Patient Safety and Risk Management Software Market in Market Study:
o Key Consulting Companies & Advisors
o Large, medium-sized, and small enterprises
o Venture capitalists
o Value-Added Resellers (VARs)
o Third-party knowledge providers
o Investment bankers
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Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Patient Safety and Risk Management Software Market, by Type, 2017-2026 (USD Billion)
1.2.2. Patient Safety and Risk Management Software Market, by Deployment Mode, 2017-2026 (USD Billion)
1.2.3. Patient Safety and Risk Management Software Market, by End User, 2017-2026 (USD Billion)
1.2.4. Patient Safety and Risk Management Software Market, by Region, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Patient Safety and Risk Management Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Sensor Type Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Patient Safety and Risk Management Software Market Dynamics
3.1. Patient Safety and Risk Management Software Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
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